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The Relative Strength Index of the stock stood at 42.05 on Wednesday.

Inflation remains a key factor influencing future rate cuts. Most economists expect a cut in December, while some predict it may come in February 2025.

​So, hopefully all these factors will continue to remain under control and as we trend downwards towards 4% and as the other central banks have already cut rates, I think we are looking at a situation where the inflation should be under closer to 4% and leading to conditions for a rate cut.

I think the worst of the selling is over, shakeout is over and the uptrend should possibly resume and continue from here in the coming weeks into Diwali.

IDFC First Bank will increase its weight in the Bank Nifty index after merging with IDFC Ltd on October 10, attracting $39 million in passive funds amid adjustments affecting other banks.

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutions Placement (QIP) route to fund its growth plans.

A total of 366,877 shares changed hands on the counter till 01:59PM (IST)

The stock quoted a 52-week high of Rs 11348.5 and a 52-week low of Rs 6634.6.

Elara Capital initiates coverage on CMS Info Systems with a target of Rs 720, signaling over 20% upside. The company enhances service offerings in loan collection, analytics, and valuable logistics, with projected revenue growth of ~14% through FY24-27E. Strong order pipelines and market positioning in cash logistics support this outlook.